Brief: Colas Sees Higher 2022 Current Operating Profit Than In 2021

COLAS SA

17/11/2022 06:42

Nov 17 (Reuters) - Colas Sa  COLP.PA :
    * REVENUES OF €11.5 BILLION AT SEPTEMBER 30, 2022, UP 18%
YEAR-ON-YEAR
    * END-SEPT FREE CASH FLOW OF €169M, DOWN €116M COMPARED TO
THE END
OF SEPTEMBER 2021
    * END-SEPT OPERATING INCOME BEFORE NON-RECURRING ITEMS OF
€213
MILLION, DOWN SLIGHTLY BY €20 MILLION YEAR-ON-YEAR
    * END-SEPT NET INCOME, GROUP SHARE OF €139M, AN IMPROVEMENT
OF
€12M COMPARED TO THE END OF SEPTEMBER 2021 SEPTEMBER 2021
    * END-SEPT NET FINANCIAL DEBT OF €1.4 BILLION
    * END-SEPT ORDER BOOK AT VERY HIGH LEVEL OF €12.4BN, UP 30%
YEAR-ON-YEAR
    * THE COLAS GROUP, WHICH DOES NOT OPERATE IN RUSSIA OR
UKRAINE, IS
NOT DIRECTLY AFFECTED BY THE CURRENT CONFLICT
    * REVENUES IN 2022 WILL BE SIGNIFICANTLY HIGHER THAN IN 2021
    * REPLACES ITS CURRENT OPERATING MARGIN TARGET OF 4% IN 2023
WITH
A TARGET OF INCREASING CURRENT OPERATING INCOME IN 2023 COMPARED
TO 2022
    * EXPECTS CURRENT OPERATING PROFIT TO BE HIGHER IN 2022 THAN
IN
2021
    * CONFIDENT THAT IT WILL BE ABLE TO ACHIEVE THE OPERATING
MARGIN
TARGET

Source text for Eikon:  ID:nNDL1p6VG8 
Further company coverage:  COLP.PA 
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